Stablecoins Go Mainstream: BBVA’s Euro Coin & US GENIUS Act Shake Up Finance

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From MiCA to the GENIUS Act: Stablecoins Move Deeper Into the Financial System

Key takeaways

  • BBVA joins the QiValis consortium to issue a MiCA-regulated euro stablecoin in H2 2026
  • The initiative aims to strengthen the euro’s role in digital finance and reduce dollar dominance
  • In the U.S., Treasury officials say stablecoins could help finance government operations
  • Regulatory clarity on both sides of the Atlantic is accelerating institutional adoption

A coordinated push toward regulated stablecoins

BBVA joining QiValis strengthens an already powerful group of Europe’s leading banks. Their planned stablecoin, pegged to the euro, will be fully regulated under the EU’s new MiCA rules, ensuring strong protections for users and clear standards for how it operates.

🚨$800B BBVA BANK JOINS EU CONSORTIUM TO LAUNCH REGULATED EURO STABLECOIN

BBVA, one of Spain’s biggest banks, is partnering with Qivalis and 10 other major banks to create a new euro stablecoin. This digital currency, which will follow new European regulations (MiCA), is planned for launch in the second half of 2026 and aims to reduce the dominance of the U.S. dollar.

— Coin Bureau (@coinbureau)

European leaders and banks are choosing to build their digital currency project within the existing MiCA framework, which suggests they favor digital currencies issued or guaranteed by traditional financial institutions. This approach prioritizes regulation over the privately issued, dollar-linked stablecoins that currently lead the crypto market. This decision highlights a concern that Europe could lag behind in digital payments if it doesn’t create a trustworthy, regulated digital currency based on the euro.

Although the new stablecoin isn’t planned to be released until late 2026, BBVA’s involvement shows that large banks are starting to see tokenized money as a crucial part of their future plans, not just a temporary experiment.

U.S. Treasury signals stablecoins could support government financing

There’s growing support in the U.S. for laws regulating stablecoins. Treasury Secretary Scott Bessent recently suggested that the GENIUS Act and the stablecoins it would create could be a significant way to fund the government.

🚨BREAKING: U.S. Treasury CONFIRMS GENIUS Act + Stablecoins Could Help FUND the Government 🇺🇸🔥

In his testimony today, Scott Bessent suggested that the GENIUS Act and the stablecoins it would create could be a significant way to fund the U.S. government.

— Diana (@InvestWithD)

The recent statements represent a significant change in how stablecoins are viewed. They’re now seen not only as a new way to make payments, but also as a possible tool the government could use to manage funding and keep the financial system liquid. A new bill proposes that stablecoin companies follow rules requiring them to hold secure assets like U.S. Treasury bills. This would mean that people’s demand for digital dollars could actually help fund government debt.

This viewpoint clarifies why stablecoin regulation is gaining traction in Washington. Lawmakers are now more interested in developing a responsible framework for digital assets within the US, rather than driving the technology to other countries.

BBVA’s actions in Europe and the discussions around the GENIUS Act in the U.S. both show a growing trend: governments and major banks are increasingly focusing on stablecoins as a way to connect traditional finance with the digital world, and to regulate them. Although the details vary, both suggest a future where stablecoins become a key part of how we make payments, finalize transactions, and even manage government finances – moving them from the fringes of the financial system into the mainstream.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.

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2026-02-05 12:53